All articles by Vidyasagar Maddela
Vidyasagar Maddela
PicPay plans to raise up to $500m through US IPO – report
The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing.
HSBC to acquire remaining stake in Hang Seng Bank for $13.63bn
The offer reflects a 33% premium over the undisturbed 30-day average closing price, and values Hang Seng at HK$290bn ($37.2bn).
Discovery Bank launches in-app calling feature to combat fraud
The new secure calling feature enables clients to connect directly with bankers, eliminating traditional identification, IVR menus or security questions.
Socotra launches AI-driven tool for insurance product development
The new AI tool aims to reduce product development times by up to 50%, costs by 75% and prototype iteration time by 90%.
QNB secures licence for digital-first bank in Egypt
ezbank will deliver services via mobile-first platforms and AI-powered tools, supported by risk management systems.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
BBVA reserves €8bn to fund mandatory offer for Sabadell-report
Last month, BBVA raised its acquisition proposal for Banco Sabadell by 10% from its prior offer.
UK fintech Monzo considers US banking licence reapplication-report
The UK-based neobank aims to become a licensed lender in the US to revive its expansion in the country.
Canara HSBC Life Insurance plans to raise $300m via IPO
Canara HSBC Life Insurance has started investor roadshows in anticipation of the IPO planned for early October.
MVB Bank partners with pay by bank solutions provider Aeropay
The collaboration aims to strengthen Aeropay’s payment infrastructure, focusing on compliant bank-to-bank payments.
TD Bank unveils cost-saving measures, sets revenue targets
TD Bank intends to implement cost-saving measures amounting to C$2bn to C$2.5bn ($1.4bn to $1.8bn) annually.